Alibaba Finally Persuades Name-Squatting Crypto to Stop Mooching its $467 Billion Brand

2019-3-13 19:18

The genie is now out of the bottle, and one of the crypto industry’s most bizarre trademark disputes is now over. The ABBC Foundation, which is behind the Alibabacoin cryptocurrency, has conceded the coveted Alibaba brand name to the China-based e-commerce giant of the same name.

After many months of battling it out in a New York Southern District Court, the two companies have reached a “worldwide settlement for the Alibabacoin trademark. ” ABBC Cryptocurrency Drops ‘Alibaba’ Name after Legal Dispute At the heart of the complaint, Jack Ma’s tech company cried foul over the crypto startup using the Alibaba name,

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alibaba crypto brand cryptocurrency persuades finally trademark

Источник: ccn.com

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2018-11-5 22:04


China's Central Bank Wants to Put the Damper on Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.

2018-11-7 22:04


Alibaba vs Alibabacoin; The Chinese Giant Wins Preliminary Injunction Against this Crypto

Alibaba, the Chinese e-commerce giant, has won a preliminary injunction against Alibabacoin (ABBC). The problem started with these two companies about the name they have. In the filing presented in October, Alibaba said that they believe the cryptocurrency firm published promotional material using its trademarks with the intention to be aligned with the Chinese conglomerate. […]

2018-10-24 23:12


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ABBC Coin – Alibaba trademark lawsuit has come to an end

Beloved Community Members and Supporters, I am proud to announce that our year-long trademark lawsuit with Alibaba has finally come to an end with mutual understanding. ABBC Foundation and the Alibaba Group have negotiated a settlement that will be mutually beneficial for both of our organizations and are ecstatic with the outcome.